§ 7722. Findings and Definition
TITLE 1: GOVERNMENT DIVISION 7: PLANNING, BUDGETING AND AUDITING § 7722. Findings and Definition. (a) The Commonwealth Legislature finds that the deposits of the Common- wealth are subject to an unwarranted risk without full collateralization of depos- its. By requiring collateralization, this chapter will bring the Commonwealth into conformity with United States, state, county, and municipal deposit safety practices. (b) As used in this chapter, bank is as defined in 4 CMC § 6103(b). Source: PL 4-33, § 2.
Source: CNMI Law Revision Commission